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APPROVED for BOA Secured Card...

New Contributor

APPROVED for BOA Secured Card...

After reading this forum thoroughly and seeing the number of people saying that the were declined for the BOA secured card, I was skepitical about applying.  I instead chose Public Savings Bank who I have had for a year now paying on time and never late.  After PSB was closed by the FDIC, I decided to try my luck with BOA  and was approved!!!

 

A year ago my FICO score was 418, I'm at 541 now, still trying to climb this credit score ladder, but I know it takes time..... ;-)


Starting Score 12/29/2010: 475 EQ FICO
Current Score: 585 EQ FICO (10/10/11) 583 TU FICO (10/24/2011) 598 EX FICO (10/10/11)
Goal Score 12/29/2011: 600


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Message 1 of 10
9 REPLIES
Valued Contributor

Re: APPROVED for BOA Secured Card...

Congrats on the approval, great card.

Message 2 of 10
Frequent Contributor

Re: APPROVED for BOA Secured Card...

yeah congrats, should graduate to be a great card one day


Starting Score: EQ 515 TU 490 EXfaco 510
Current Score: EQ 660 TU 665 EXplus 661
Goal Score: 700


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Message 3 of 10
Valued Contributor

Re: APPROVED for BOA Secured Card...

Congrats on the approval! Great work on getting your scores up over the last year as well.

Starting Score: EQ 681 5/2011, EX 656 6/2011 (PSECU), TU98 642 6/2011
Current Score: EQ 741 12/2011, EX 730 08/15 (PSECU), TU08 710 08/15
Goal Score: 725+ across the board


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Message 4 of 10
Regular Contributor

Re: APPROVED for BOA Secured Card...

Congratulation!

 

Make sure, if you can afford it, deposit as much as possible into it because that will be a 99.99% your future CL + some extra on your graduation day.

 

 

Starting Score: 547
Current FICO Score: TU 747, EQ 732, EX 742 [10/2014]
Goal FICO Score: 777
Message 5 of 10
Frequent Contributor

Re: APPROVED for BOA Secured Card...

BTW, my score was a bit higher than that awhile back and I got declined twice.  Do you have any baddies? 

 

Also, BOA will graduate the card at 9 mos if I remember right


Starting Score: EQ 515 TU 490 EXfaco 510
Current Score: EQ 660 TU 665 EXplus 661
Goal Score: 700


Take the FICO Fitness Challenge
Message 6 of 10
New Contributor

Re: APPROVED for BOA Secured Card...

@ontop That was my plan.  As soon as I figure out how to add to the CL I was thinking of adding $100 - $200 a month. More if I can!! LOL


Starting Score 12/29/2010: 475 EQ FICO
Current Score: 585 EQ FICO (10/10/11) 583 TU FICO (10/24/2011) 598 EX FICO (10/10/11)
Goal Score 12/29/2011: 600


Take the FICO Fitness Challenge
Message 7 of 10
Valued Contributor

Re: APPROVED for BOA Secured Card...

I wouldn't do it that way, each deposit to increase CL results in a hard inquiry. It's best to save and add a larger amount at once.

Starting Score: EQ 681 5/2011, EX 656 6/2011 (PSECU), TU98 642 6/2011
Current Score: EQ 741 12/2011, EX 730 08/15 (PSECU), TU08 710 08/15
Goal Score: 725+ across the board


Take the FICO Fitness Challenge

Message 8 of 10
New Contributor

Re: APPROVED for BOA Secured Card...

@xlr8d I do have baddies.  8 baddies with more than half with zero balances showing. 1 Judgment due to fall off in 2013 and around 15-16 inquires (car shopping).  I honestly dont think they pulled a credit report because my FILES are LOCKED.  I will be sure to let you all know. I'm about to check in a few.

 

UPDATE:  No HARD PULLS or SOFT as of 10/07/11 Will continue to check, but it should be showing by now if I was APPROVED already... *shrugs*


Starting Score 12/29/2010: 475 EQ FICO
Current Score: 585 EQ FICO (10/10/11) 583 TU FICO (10/24/2011) 598 EX FICO (10/10/11)
Goal Score 12/29/2011: 600


Take the FICO Fitness Challenge
Message 9 of 10
New Contributor

Re: APPROVED for BOA Secured Card...

@-Cain- Thanks for the heads up.... Let me slow these horses down of mine. 0_o lol


Starting Score 12/29/2010: 475 EQ FICO
Current Score: 585 EQ FICO (10/10/11) 583 TU FICO (10/24/2011) 598 EX FICO (10/10/11)
Goal Score 12/29/2011: 600


Take the FICO Fitness Challenge
Message 10 of 10